
Gold News: XAUUSD Stalls Below $4,700 as Wednesday's PCE Inflation Report Nears
Gold stalls below $4,700 as Wednesday's PCE inflation report tests the weaker dollar, lower-yield and Treasury buyback rally.
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Gold stalls below $4,700 as Wednesday's PCE inflation report tests the weaker dollar, lower-yield and Treasury buyback rally.

Pound Sterling Price News and Forecast: GBP/USD holds near six-month high as Hormuz hopes lift sentiment

USD/JPY enters a pivotal stretch after a violent intervention-driven reversal from the yearly highs failed to break the broader 2025 uptrend on a weekly closing basis. The sharp unwind has reset momentum and left price caught between rising trend support and a well-defined resistance barrier, putting the focus squarely on which side gives way first.

Gold retreats after flirting with $4,700: buyers still hold the grip

The start of the trading week has not been particularly favorable for the Canadian dollar. Over the last two trading sessions, USD/CAD has gained more than 0.6% in favor of the U.S. dollar, reflecting a loss of momentum for the CAD in the short term.

USD/CAD Price Forecast: Bearish indicators keep the path tilted lower

The AUD/USD continues to grind higher - as it has done so ever since risk assets bottomed back in April 2025. The Aussie has benefitted from rising metals prices and a strong Chinese yuan.

The American currency moved away from session highs as Treasury yields pulled back.

British Pound: Range-bound against US Dollar ahead of Budget – Scotiabank

Euro: Upside limited above fair value against US Dollar – Scotiabank

Silver retreats ahead of US PCE data, but underlying support persists

USD/JPY and USD/CHF retain upside potential as carry trades support the dollar, while GBP/USD shows exhaustion with 1.36 in focus.

Euro stays near three-month high as US Dollar remains subdued

Silver faces resistance at $70 as its 50-day EMA attempts a Golden Cross, while fading momentum raises the risk of a short-term pullback.

Gold stalls near $4,700 as the rally looks overextended, with a Golden Cross supporting the broader outlook and $4,500 offering potential support.